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Nifty, Sensex showing initial signs of a rally – Thursday closing report


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We had mentioned in the Tuesday’s closing report that Nifty, Sensex were under pressure. On Thursday, the indices opened lower but rallied and ended with decent gains. On the NSE, there were 1,130 advances, 782 declines and 97 unchanged.
 
The trends of the major indices in the course of Thursday’s trading are given in the table below:
 
 
ICICI Securities reported over two-fold increase in net profit at Rs 329 crore for March 2021 quarter. Revenue grew 54% YoY to Rs 739 crore compared to Rs 480 crore.
 
Nestle India reported a 14.6% YoY growth in net profit at Rs 602.25 crore for March quarter. Revenues grew 8.59% YoY to Rs 3,611 crore. ....

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